Bitcoin Long-Term Holder Supply Stays Above Prior Peak for 119 Days
- —Long-term holder supply stood at 16.47 million BTC on October 7
- —That is 182,100 BTC (1.12%) above the prior peak
- —The metric has held above the previous high for 119 straight days
- —Recent decline of 371,900 BTC (2.21%) still leaves it in the top 2% historically
Why it matters: A record long-term holder supply suggests limited available BTC on the market, a potentially bullish signal for price.
Source: TokenPost